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DEEP YELLOW LIMITED — Capital/Financing Update 2024
Apr 14, 2024
64808_rns_2024-04-14_5b48cca0-f1aa-4cbf-aac3-239f3837e5bd.pdf
Capital/Financing Update
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NEWS RELEASE
15 April 2024
SHARE PURCHASE PLAN RESULTS
Deep Yellow Limited ABN 97 006 391 948 (ASX:DYL) ( Deep Yellow or Company ) refers to the market announcement on 11 April 2024 noting the closure of its Share Purchase Plan ( SPP ) and the applications received which were over 50% above the intended raise amount of $30M. In accordance with the terms of the SPP, the Company in conjunction with its Share Registry has conducted a pro-rata scale-back of applications, with the number of Shares rounded down to 24,489,505, to reflect a whole number of Shares, and totalling A$30M. Eligible applicants will therefore receive approximately 70% of the number of shares applied for.
The Company’s Share Registry has advised that the issue and allotment has been completed. Excess application monies in the amount of $15.1M as a result of the scale-back, as well as invalid applications, will be refunded to applicants without interest and are expected to be processed by the Company's share registry on Thursday, 18 April 2024. If shareholders have not provided their nominated bank account details, their refund will be received via cheque, mailed in the post to the relevant registered address as shown in the share register.
If shareholders have any enquiries in relation to the SPP allocations or the status of their returned application monies, please call the Deep Yellow Limited SPP Offer Information Line on 1300 850 505 (within Australia) or +61 3 9415 4000 (outside of Australia).
The Board would like to again thank all shareholders who participated for their continued support.
An Appendix 2A follows for immediate release.
JOHN BORSHOFF
Managing Director/CEO Deep Yellow Limited
This ASX announcement was authorised for release by Mr John Borshoff, Managing Director/CEO, for and on behalf of the Board of Deep Yellow Limited.
Contact
Investors: Media: John Borshoff Managing Director/CEO Cameron Gilenko +61 8 9286 6999 +61 466 984 953 [email protected] [email protected]
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Level 1, 502 Hay Street, Subiaco, WA 6008 Australia PO Box 1770, Subiaco, WA 6904 Australia ABN: 97 006 391 948 +61 8 9286 6999 [email protected]
DYL: ASX & NSX (Namibia) DYLLF: OTCQX
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About Deep Yellow Limited
Deep Yellow Limited is successfully progressing a dual-pillar growth strategy to establish a globally diversified, Tier-1 uranium company aiming to produce 10+Mlb p.a.
The Company’s projects provide geographic and development diversity with two advanced projects – flagship Tumas, Namibia (FID expected in Q3/CY24) and Mulga Rock, Western Australia (to advance through revised DFS), both located in Tier-1 uranium jurisdictions.
Deep Yellow is well-positioned for further growth through development of its highly prospective exploration portfolio – Alligator River, Northern Territory and Omahola, Namibia with ongoing M&A focused on high-quality assets should opportunities arise that best fit the Company’s strategy.
Led by a best-in-class team, who are proven uranium mine builders and operators, the Company is advancing its growth strategy at a time when the need for nuclear energy is becoming the only viable option in the mid-to-long term to provide baseload power supply and achieve zero emission targets. Importantly, Deep Yellow is on track to becoming a reliable and long-term uranium producer, able to provide production optionality, security of supply and geographic diversity.
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